South Korea's LG Display Co Ltd said on Thursday that it will invest 1.05 trillion won (USD 908 million) to build a new local plastic organic light-emitting diode (OLED) display production plant, ramping up spending for the next-generation technology.

LG Electronics is the latest of more than 60 licensees for Nokia's 2G, 3G and 4G mobile communication technologies and the first major smartphone manufacturer to join the licensing program since Nokia divested its Devices and Services business to Microsoft in 2014.

The group wants to have one regional base with new machines for TV production comparable with those at its South Korean plants, and considers Vietnam to be the best place, Nipon Wongsaengarunsri, marketing director of LG Electronics (Thailand) Co, told Media in a telephone interview.

Apple will offer three different versions -- sport, standard, and a luxury edition, with finishes including stainless steel and gold plated. The display can be customized to show the time in numbers or a facsimile of a watch with hands.

The world's second-largest TV maker after local rival Samsung Electronics Co Ltd said profit at its TV arm improved in April-June from a year earlier, while its smartphone shipments rose 20 percent to a record 14.5 million handsets.

Highlighting the significance of the Indian market, LG Electronics Senior Vice President (Head of Home Appliances, Overseas Sales and Marketing group) James Park said : "The contribution from India in LG's overall home appliances is among the top...LG has a high market share in India and to maintain that we will continue to invest there."

South Korea's LG Display Co Ltd said on Thursday that it will invest 1.05 trillion won (USD 908 million) to build a new local plastic organic light-emitting diode (OLED) display production plant, ramping up spending for the next-generation technology.

LG Electronics is the latest of more than 60 licensees for Nokia's 2G, 3G and 4G mobile communication technologies and the first major smartphone manufacturer to join the licensing program since Nokia divested its Devices and Services business to Microsoft in 2014.

The group wants to have one regional base with new machines for TV production comparable with those at its South Korean plants, and considers Vietnam to be the best place, Nipon Wongsaengarunsri, marketing director of LG Electronics (Thailand) Co, told Media in a telephone interview.

Apple will offer three different versions -- sport, standard, and a luxury edition, with finishes including stainless steel and gold plated. The display can be customized to show the time in numbers or a facsimile of a watch with hands.

The world's second-largest TV maker after local rival Samsung Electronics Co Ltd said profit at its TV arm improved in April-June from a year earlier, while its smartphone shipments rose 20 percent to a record 14.5 million handsets.

Highlighting the significance of the Indian market, LG Electronics Senior Vice President (Head of Home Appliances, Overseas Sales and Marketing group) James Park said : "The contribution from India in LG's overall home appliances is among the top...LG has a high market share in India and to maintain that we will continue to invest there."

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